Borrowing – Payday Advance USCA http://paydayadvanceusca.com/ Thu, 06 Jan 2022 16:18:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://paydayadvanceusca.com/wp-content/uploads/2021/07/icon-4.png Borrowing – Payday Advance USCA http://paydayadvanceusca.com/ 32 32 A boiling real estate market to fuel a record loan in 22 https://paydayadvanceusca.com/a-boiling-real-estate-market-to-fuel-a-record-loan-in-22/ Thu, 06 Jan 2022 15:56:32 +0000 https://paydayadvanceusca.com/a-boiling-real-estate-market-to-fuel-a-record-loan-in-22/ LOS ANGELES (AP) – The fierce competition, low mortgage rates and soaring prices that pushed mortgages to record levels last year are expected to drive lending even higher this year, experts say. Banks loaned about $ 1.61 trillion to buy homes last year, up about 9% from 2020, according to the Mortgage Bankers Association. This […]]]>

LOS ANGELES (AP) – The fierce competition, low mortgage rates and soaring prices that pushed mortgages to record levels last year are expected to drive lending even higher this year, experts say.

Banks loaned about $ 1.61 trillion to buy homes last year, up about 9% from 2020, according to the Mortgage Bankers Association. This exceeds the $ 1.51 trillion loaned at the peak of the housing bubble in 2005, the highest on record since 1990.

Lenders provided 4.74 million loans to home buyers last year, up from 4.92 million in 2020, according to the MBA. Despite this, the dollar value of purchase loans rose last year as home prices rose, often as homebuyers agreed to pay well above the seller’s asking price to outbid. competing offers.

“Strong demand for housing, persistent increase in demand for housing, limited supply, rising prices – this is what led to this record level of purchase last year,” said Mike Fratantoni, chief economist of the MBA.

The housing market strengthened during the pandemic as many Americans switched to working from home, which put additional living space at a premium. Steady job growth, a stock market at record highs, rising rents and expectations for higher mortgage rates have also boosted homebuyers, although soaring prices and a historically low level of homes on the market. selling have excluded many others.

Median U.S. home prices in October were nearly 20% higher than a year earlier, according to the most recent S&P CoreLogic Case-Shiller Home Price Index.

The housing market is expected to continue to sizzle this year, which is why the MBA predicts the dollar value of home purchase loans to hit a new high of $ 1.74 trillion.

While inventory for sale may end up being a bit better than in 2021 as home builders build more homes, that still won’t be enough to give buyers the upper hand, Fratantoni said.

“2022 will always be a sellers market,” he said. “There is more demand than supply, which is why we are very confident that prices will continue to rise.”

Meanwhile, home buyers will likely have less purchasing power this year to deal with rising home prices.

The extraordinarily low mortgage rates that have helped boost demand in the housing market are expected to continue to rise in 2022 as the Federal Reserve gradually cuts monthly bond purchases it has made since the early days of the pandemic. The central bank has already signaled that it plans to start raising interest rates as early as this spring to curb the sharp rise in inflation.

The average 30-year fixed-rate benchmark mortgage rate remained around 3% in 2021. MBA forecasts predict that this average rate will rise to 4% this year.

This is close to the forecasts of other housing economists. The National Association of Realtors predicts that the average rate will rise to 3.7% by the end of this year. Greg McBride, chief financial analyst at Bankrate, predicts rates will peak at 4% but end the year at 3.5%.

“It’s going to be a bit of a roller coaster ride,” McBride said. “The higher rates we expect in 2022 will not take the real estate market’s breath away, but it will significantly change the refinancing equation.”

Homeowners borrowed some $ 2.32 trillion in 2021 to refinance their mortgage, down about 12% from 2020, when refinancing hit an all-time high, according to the MBA. In total, mortgage refinancing in 2021 and 2020 amounted to nearly $ 5,000 billion.

The MBA projects mortgage refinancing to fall to $ 870 billion this year, the lowest since 2018 at $ 467 billion.


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Pound sterling gives € 1.20 boost as prospect of interest rate hike in February increases https://paydayadvanceusca.com/pound-sterling-gives-e-1-20-boost-as-prospect-of-interest-rate-hike-in-february-increases/ Tue, 04 Jan 2022 18:17:00 +0000 https://paydayadvanceusca.com/pound-sterling-gives-e-1-20-boost-as-prospect-of-interest-rate-hike-in-february-increases/ Rising expectations of a second Bank of England rate hike next month pushed the pound to two-year highs against the euro as Boris Johnson played down the prospect of further restrictions to fight the omicron variant. The pound is now worth close to € 1.20, its highest level since February 2020. The pound sterling has […]]]>

Rising expectations of a second Bank of England rate hike next month pushed the pound to two-year highs against the euro as Boris Johnson played down the prospect of further restrictions to fight the omicron variant.

The pound is now worth close to € 1.20, its highest level since February 2020. The pound sterling has also gained ground against the dollar, with traders also betting against the gilts as part of expectations of further action from the Bank next month.

UK government borrowing costs at two and ten years peaked in two months, with Mr Johnson saying there was a ‘good chance’ of getting through the latest wave of Covid without harsher action.

Money markets anticipate two 15 basis point rate hikes from Threadneedle Street at its March meeting and nearly a percentage point by year end after its surprise move last month.

Meanwhile, credit-hungry households have racked up the biggest increase in their borrowing in more than a year and have dipped into pandemic savings, raising expectations for further measures.

The Bank’s latest figures for November showed households borrowed £ 1.2bn on credit cards and loans during the month, the highest since July 2020, when the economy reopened after the first Covid lockdown.

Households facing the price hike and the looming Christmas season also saved significantly less over the month, with £ 4.5bn in deposits being the lowest since January 2020 and less than half of the average of the previous 12 months.

The numbers reflect a stronger month for retail sales – up 1.4% in November – as buyers began preparations for the holiday season early, fearing empty shelves and supply shortages.

The relative resilience of consumers comes as soaring energy bills are set to push the Consumer Price Index to a 30-year high of 6pc by April, fueling concerns from rate-setters the Bank about inflation.

The Bank raised interest rates for the first time in three years in December, despite the emergence of the omicron variant that is expected to slow the post-pandemic recovery as hundreds of thousands are forced into self-isolation.

Despite a probable slowdown in December and January, the financial markets still expect a second rate hike by the Bank in February from 0.25 pc to 0.5 pc, with borrowing costs of around 1 pc. ‘by the end of the year.

George Buckley of Nomura expects the Bank to act. ” When you have [longer-term] 2.6 percent inflation if you don’t do anything, it seems to me that an increase of 15 basis points to 0.25 percent isn’t going to reduce the mustard, ”he said.


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Tamil Nadu borrowing down 17% so far this fiscal year https://paydayadvanceusca.com/tamil-nadu-borrowing-down-17-so-far-this-fiscal-year/ Sun, 02 Jan 2022 17:57:04 +0000 https://paydayadvanceusca.com/tamil-nadu-borrowing-down-17-so-far-this-fiscal-year/ Borrowing in the Tamil Nadu market in the first nine months of fiscal year 2021-2022 was around 17% lower than last year, amid improving income. The state borrowed 52,000 crore in April-December 2021, compared to 63,000 crore in the same period last year. Borrowing was made through the auction of government bonds or government development […]]]>

Borrowing in the Tamil Nadu market in the first nine months of fiscal year 2021-2022 was around 17% lower than last year, amid improving income.

The state borrowed 52,000 crore in April-December 2021, compared to 63,000 crore in the same period last year. Borrowing was made through the auction of government bonds or government development loans.

Tamil Nadu’s revenues rebounded after the second wave of COVID-19. Its total revenue increased by around 22% to 1,18,992.48 yen in April-November 2021, compared to 97,635.78 yen in the same period last year. Total revenue collected so far stands at 58.76% of the ₹ 2,02,495.89 crore estimated in the revised budget for 2021-2022, according to unaudited provisional figures from the Comptroller and Auditor General.

Total revenue includes tax revenue, non-tax revenue, grants and contributions. Tax revenue comes from direct government-specific sources such as the state GST, stamps and registration fees, land receipts, the tax on petroleum products and revenues from alcohol sales and the share of the state in central and other taxes and levies.

Tax revenues were boosted by the Union government which transferred 3,878.38 crore to the state last November. The state also obtained 8,095 crore in consecutive GST compensation loan from the Union government for 2021-2022. Tamil Nadu’s revenue expenditure was 1,26,862.35 yen in April-November 2021.

As a result, the revenue shortfall (which involves expenditure of revenue greater than revenue) stood at approximately 7,869.87 crore as in November 2021, lower than the 10,126.14 crore posted in October 2021.

For 2021-2022, Tamil Nadu estimated its income shortfall at 58,692.68 yen crore. But Finance Minister Palanivel Thiaga Rajan said it would be cut. Tamil Nadu recently announced new restrictions amid a sharp rise in COVID-19 cases, including those of the Omicron variant of the new coronavirus. Any tighter restrictions will impact revenue collection, which will lead to more borrowing. The state budget deficit (the difference between total revenue and expenditure) stood at 30,051.71 yen crore as in November 2021.

Maharashtra, Tamil Nadu, West Bengal, Uttar Pradesh, Andhra Pradesh, Rajasthan and Telangana are the top borrowing states so far for this fiscal year, accounting for 65% of total borrowing, according to CareEdge Ratings .

Tamil Nadu will raise Yen 1,000 crore on Tuesday with the reissuance of 24-year state development loans.


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Buckhead City opponent criticizes report on Atlanta bond sale by SaportaReport https://paydayadvanceusca.com/buckhead-city-opponent-criticizes-report-on-atlanta-bond-sale-by-saportareport/ Fri, 31 Dec 2021 21:22:19 +0000 https://paydayadvanceusca.com/buckhead-city-opponent-criticizes-report-on-atlanta-bond-sale-by-saportareport/ By David Pendered A founder of an organization opposed to Buckhead cityhood criticized a story in SaportaReport regarding the Atlanta bond sale this month with terms that contain a poison pill for the cities movement. Michael Handelman, executive director of Neighbors for a United Atlanta, Inc. says in a column that the December 20 story […]]]>

By David Pendered

A founder of an organization opposed to Buckhead cityhood criticized a story in SaportaReport regarding the Atlanta bond sale this month with terms that contain a poison pill for the cities movement.

Michael Handelman, executive director of Neighbors for a United Atlanta, Inc. says in a column that the December 20 story is wrong in comparing the interest rates charged on bonds sold by Atlanta and Bexar County, Texas, home of San Antonio.

“This comparison, however, is absurd. Comparing two bond sales in different states (with corresponding statutes governing municipal debt) is like comparing the quality of a single apple at Publix with a randomly selected banana at Kroger, ”Handelman wrote. “Not only are the technical details of the bonds between the two governments different, but picking a single data point from another bond issue in a $ 4 trillion US bond market doesn’t make sense.”

Neighbors for a United Atlanta was incorporated on December 3 as a not-for-profit corporation. It provides an address in Roswell and the names of founders Caren Solomon Bharwani, Handelman and William Haney, according to Georgia Secretary of State records.

the SaportaReport The story Handelman cited appeared under the headline, “Buckhead Cityhood’s Efforts Don’t Appear to Raise Atlanta’s Borrowing Costs.” The report included this observation:

“A side-by-side comparison of bond issues is not appropriate. No issuer and no transaction are alike. However, the two governments share similarities, ”the story reads. “Both rank first in credit ratings issued by Moody’s Investors Service. Bexar County is at the top of the scale for its planned sale, while Atlanta is a notch lower in its package credit scores. In addition, the two governments are the center of booming metropolises in the South. The two compete for high tech jobs.

This Atlanta bond sale sheds light on an argument raised for months by opponents of the city.

The claim is that Buckhead’s de-annexation would likely result in higher borrowing costs for taxpayers in Atlanta and all cities in Georgia. Investors would recognize the potential for statewide de-annexation and with it a reduction in cities’ ability to repay loans as their property tax revenues decline. Investors would offset the risk of non-payment by raising interest rates, the argument goes.

History has reported that this scenario does not appear to be the case in this bond issue. The terms of Atlanta’s bonds include a poison pill: If Buckhead deletes himself, he must pay his full share of the debt, in a lump sum, within one year of the de-annexation vote. The measure gives investors the assurance that they will be paid back regardless of the outcome of the Town of Buckhead move.

For a real-time comparison to another urban bond issue, the article reports that the interest rates investors will pay in Atlanta with the rates investors will pay in Bexar County.

Both are Sunbelt governments and both have top credit ratings from Moody’s Investors Service, with Bexar County one notch higher on the Moody’s scale. Atlanta sold about $ 188 million and Bexar County about $ 411 million.

Atlanta bond rates range from 0.509% to 2.388%. Bexar bond rates range from 0.651% to 2.621%, according to information provided by a subsidiary of the Municipal Securities Rulemaking Board. The Atlanta accord was concluded on December 23 and the Bexar County accord on December 30.

Handelman’s letter cites issues such as various aspects of credit ratings, Atlanta debt, and Atlanta spending before ending with comments that include this look to the future:

What happens when the current environment of low interest rates, strong investor demand for municipal debt, and a stable and performing property tax base change? For Atlanta, as the cost of new debt rises due to higher credit risk, that means the finely-tuned balance of property taxes funding debt service and essential services is starting to fall apart. This inevitably leads to difficult decisions to decrease essential services or increase property taxes… The consequences for Atlanta, a hypothetical Buckhead City, and other municipalities in Georgia, may not be immediately apparent in the market data, but when clouds, wind and rain appear on the economic horizon, we are all going to tremble in Georgia.

Note to readers: To read Michael Handelman’s column, click here. To read the article from SaportaReport that sparked Handelman’s column, click here.


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Our monetary stimuli – Journal https://paydayadvanceusca.com/our-monetary-stimuli-journal/ Thu, 30 Dec 2021 02:28:35 +0000 https://paydayadvanceusca.com/our-monetary-stimuli-journal/ What is a monetary stimulus? A fun but fitting way to figure it out is to remember Woody Allen’s Take the Money and Run movie. Interpret “take” as to borrow and “execute” as the management of government affairs. In the film, Woody Allen could neither fly nor run, despite or because of his antics. However, […]]]>

What is a monetary stimulus? A fun but fitting way to figure it out is to remember Woody Allen’s Take the Money and Run movie. Interpret “take” as to borrow and “execute” as the management of government affairs. In the film, Woody Allen could neither fly nor run, despite or because of his antics. However, governments are almost always successful in managing their affairs. This is what a monetary stimulus is from the point of view of its initiator and the first receiver. There are also other stimulus receptors.

From the point of view of receivers, “helicopter money” better explains the concept. Imagine a helicopter dropping banknotes. What will the lucky recipients do? Whether they are poor or rich, they will put the bills in their pockets and most likely go on a spending spree. The poor receiver will buy much-needed essentials, while the rich receiver, who doesn’t really need the money, will likely save some or spend it on luxuries. Either way, this will lead to a multiplier “runoff” effect in a short-term consumer-driven impulse for the economy. In terms of human well-being, it is obvious that the poor receiver is better off picking up the notes dropped from the helicopter.

All of this has been known to economists and non-economists for a long time, whether or not they have seen Allen’s classic. For some reason, this process became known as “quantitative easing” (QE) after the 2008 global financial crisis and is considered one of the most important monetary policy tools to fight the recession. or depression. Some analysts believe that this tool did not exist before 2008, or if it did exist, it was hardly used. However, successive governments in Pakistan mastered the art of QE much earlier and practiced it regardless of whether there was a recession or a pandemic-like situation. We are used to giving stimuli according to the size of our economy.

Before moving on to measuring past stimuli, it would be good to address a few more of its obvious impacts. It increases the demand for domestic and imported goods, without increasing their supply in the short term. Both poor and rich contribute to this demand. A poor person would have money to buy not only milk and wheat (household products), but also edible oil and tea (imported products). The belly of the rich man is already filled with these commodities, so the demand for luxury food, clothing, travel and so on will arise; all of these products have a high content of imported ingredients. Since our households are already spendthrift, imports are the first to react positively to the stimulus, and are rising frantically. False national pride in keeping the rupee stronger and the dollar cheaper leads to the depletion of foreign exchange reserves and the rapid build-up of a balance of payments crisis. There is, of course, nothing new here for us. We all know the boom and bust cycles in our economy.

As soon as drug rehab begins, our bureaucrats and technocrats find ways to escape it, longing for the stimulus again.

While it was perfectly rational to stimulate our economy to avoid the recessive impact of the pandemic, our story of stimulus impact is still not over. With demand increasing rapidly and supply not responding or keeping pace, inflation begins to rise. Moreover, in our economy, even if there is no excess production capacity, there is still sufficient capacity to import at low prices (for the most part). Is there any surprise here for our self-defeating macroeconomic policies? Our country seems to be a classic example of the “moral hazard” of international lending. Shrewd politicians and their smarter bureaucrats know someone will come to their aid, so why not let yourself go “high” for a while, even without a recession, pandemic-induced or otherwise!

This situation is far more amusing and tragic, as the “rescuers” are portrayed as monsters seeking to destroy our economy with strict conditions to ensure that the patient does not get high. As soon as the rehab begins, our bureaucrats and technocrats begin to find ingenious ways, at the behest of those running the economy, to get out of rehab as soon as possible, longing for revival again. As the stimulus is also known as “liquidity”, the lines of the poet Zauq are aptly translated to warn against tasting wine, because once soaked it is impossible to get rid of the substance. Poor governments! How difficult it is to heed Zauq’s warnings and stay away from addiction.

One way to measure the stimulus is to take one-year net domestic borrowing as a proportion of GDP. The government rupee borrowing here includes stimuli of different strengths. Borrowing from the central bank is the most efficient, followed by borrowing from commercial banks and non-bank borrowing. Note that the easiest or cheapest stimulus is the most powerful and the most inflationary (borrowing from the State Bank). So, in terms of this measure, the highest stimulus since 1961 was 11.3% of GDP in FY19 before the start of the pandemic. Stimuli during Covid-19 were 6.1 pc and 6.3 pc of GDP in fiscal years 20 and 21. Stimuli have been above 3% of GDP for 46 of the 61 years since 1961. Stimuli have exceeded 6 % in fiscal years 1972, 1979, 1982-1983, 1985-1987, 1991-1993, 1999, 2008, 2011-2013, 2019-2021 (18 out of 61 years.) One of the main reasons stimuli have been contained in some years was that the economy was in rehab (e.g. 2014-2016.)

The majority of our excessive self-inflicted monetary stimuli in the past have resulted in balance of payments crises, forcing us to borrow from the IMF. We had engaged in 22 different IMF programs starting in 1958. So far, we have never succeeded in achieving lasting macroeconomic stability after one of these externally imposed rehabilitations for the simple reason that prudent macroeconomic management was hardly necessary. Are we not ready to take the difficult path of promoting savings and investment, paving the way for sustainable growth?

The writer is a former deputy governor of the State Bank of Pakistan.

rriazuddin@gmail.com

Posted in Dawn, December 30, 2021


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How do I get a life insurance loan? https://paydayadvanceusca.com/how-do-i-get-a-life-insurance-loan/ Tue, 28 Dec 2021 14:00:30 +0000 https://paydayadvanceusca.com/how-do-i-get-a-life-insurance-loan/ Can you borrow against life insurance? Yes. Should are you borrowing from life insurance? The answer depends on the cost of borrowing against life insurance. In short, a policyholder who takes out a loan on a life insurance policy and repays it quickly enough to avoid interest charges may be acceptable. But an insured who […]]]>

Can you borrow against life insurance? Yes. Should are you borrowing from life insurance? The answer depends on the cost of borrowing against life insurance.

In short, a policyholder who takes out a loan on a life insurance policy and repays it quickly enough to avoid interest charges may be acceptable. But an insured who takes money out of a life insurance policy without a plan may soon learn that life insurance loans can ultimately be more expensive than expected.

Life insurance loans can be tricky – terms vary widely depending on the company and the type of policy. When borrowing against life insurance, it is important to consider the downsides. For example, here are three of the financial consequences of borrowing a life insurance policy:

1. Aggravated debt

How interest works can be a bit tricky with a life insurance loan. Suppose an insured takes out a loan of $ 25,000 at an interest rate of 8%. The interest for the first year is $ 2,000. The policyholder can either pay the $ 2,000 out of pocket (with a principal payment if he wishes) or pay the $ 2,000 from the cash value remaining in his policy. If they choose to withdraw the cash value funds, that amount is added to their total debt, so they now owe $ 27,000. The following year they owe interest on $ 27,000, which adds another $ 2,160 to the debt, and so on.

There is a bit of “babysitting” that must go on after an insured borrows against life insurance, especially if they allow the interest to accumulate. At some point, they can withdraw more money than they have in their policy, and the policy will expire. If the policy expires and is canceled, they lose everything they paid, no longer have the death benefit to bequeath to the heirs, and are likely to owe taxes on the money withdrawn.

2. Tax implications

As long as a policy is active, the accumulated funds are not taxable. However, it is considered a taxable gain when the cash value of the policy exceeds the premiums paid.

Here’s a simplified example: Suppose someone pays on a policy for 20 years. They pay a total of $ 20,000 in premiums and the cash value increases to $ 23,000. They borrow 85% of the cash value, or $ 19,550. They are in a difficult situation and stop paying the premiums. First, the insurance company accesses the remaining $ 3,450 in cash value to cover the premiums. Once those funds are gone, they cancel the policy. The IRS then says that the policyholder owes taxes on the difference between the cash value that was in the account ($ 23,000) and the total that he has paid over the years in premiums ($ 20,000 ), and sends him an invoice for $ 3,000.

3. Changes in death benefits

Any unpaid portion of a life insurance loan on the death of the policyholder is deducted from the death benefit. For example, if someone dies because of $ 60,000 on a life insurance policy valued at $ 500,000, beneficiaries receive $ 440,000.

An interesting note about permanent life insurance and death benefits is that insurance companies “absorb” any accumulated cash value. Let’s say a person has a $ 500,000 policy that has accumulated a cash value of $ 50,000. When they die, their beneficiaries receive $ 500,000, but the insurance company pockets the $ 50,000. The only workaround is if the insured has purchased a special rider that gives cash value to the estate.


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Everything Star Wars Eclipse Should Borrow From The High Republic Comics https://paydayadvanceusca.com/everything-star-wars-eclipse-should-borrow-from-the-high-republic-comics/ Sun, 26 Dec 2021 20:30:00 +0000 https://paydayadvanceusca.com/everything-star-wars-eclipse-should-borrow-from-the-high-republic-comics/ Star Wars Eclipse is the franchise’s first High Republic-era game, and it should borrow themes and villains from the comics for familiar fans. Announced at the Game Awards 2021, Star Wars Eclipse is developed by Quantic Dream, the controversial studio behind Heavy rain and Detroit: become human. While the reveal trailer is purely cinematic, Star […]]]>

Star Wars Eclipse is the franchise’s first High Republic-era game, and it should borrow themes and villains from the comics for familiar fans. Announced at the Game Awards 2021, Star Wars Eclipse is developed by Quantic Dream, the controversial studio behind Heavy rain and Detroit: become human. While the reveal trailer is purely cinematic, Star wars fans with prior knowledge of the Haute République can already get a feel for what to expect.

The story of the High Republic is mostly told through comics and novels, but Disney has announced an upcoming TV show, titled Star Wars: The Acolyte, which is also under development. This new era in the Star wars the timeline takes place about 200 years before The phantom menace, following the Jedi Order at the height of its power during a major expansion for the Republic. As the Republic explores the far reaches of the Outer Rim and uncovers new hyperspace routes, a criminal organization known as Nihil begins to interfere, seeing the Republic’s progress as a threat to their freedom and the galaxy as a whole. .

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Related: Star Wars Eclipse May Hint A Super-Weapon Return

With a number of books and comics set in the world of the High Republic, Quantic Dream and David Cage have Star wars lots of content to draw inspiration from. Sure, Star wars fans don’t want a game that just tells a story they’ve already read. That said, the connection Star wars Eclipse to the rhythms of the general history of the Haute République seems practically to be a requirement.

Star Wars Eclipse Should Borrow From High Republic Comics


Star Wars Eclipse High Republic Yoda Backstory Grandmaster Dooku Apprentice

So far, Haute République comics have four major story arcs. The first two focus on the Drengir, a strange and sensitive plant species of the wilderness, a mapped but largely unexplored region beyond the outer rim. The Drengir have a collective conscience and are able to corrupt the minds of other sentient creatures, including the Jedi, spreading throughout the galaxy for food.


The last two arcs, which should end in February 2022, return to the history of Nihil. Specifically, these sets of questions focus on the Star wars The Jedi Order’s hunt for the High Republic of Lourna Dee, a Twi’lek leader among the Nihil, whom the Jedi mistakenly believe is in charge of the entire pirate gang. All four story arcs follow the same set of characters, including the Jedi trio of Avar Kriss, Sskeer, and Keeve Trennis.

Aside from the obvious crossovers with the comics, like cameos from already established characters and Jedi Masters, Star Wars Eclipse has a lot he could borrow from what fans already know from the High Republic era. Since expansion is such a big topic in the High Republic, and there are a number of unknown areas and aliens outside of Star Wars’ canonical species like Duros and Neimoidians shown in the cinematic trailer, it’s highly likely that Wild Space or the Unknown Regions (which are similar to Wild Space but remain unmapped and rather unexplored) will play a significant role in Star Wars Eclipse. While that’s probably not the focus of the game as it’s covered extensively in the comics and novels, another threat from the Drengir would be a fitting inclusion in Star Wars Eclipse, even if it is only a brief appearance or mention.


Related: What The Star Wars Title Eclipse Really Means

Even without Drengir, there’s a good chance the unknown aliens drumming in the caravan are a threat, and given that they’re nothing. Star wars fans have never seen before, an origin story related to Wild Space or the Unknown Regions would make a lot of sense. This could easily relate to the Republic’s expansion into the Outer Rim or even Nihil’s travels and experimentation with hyperspace routes. The threat would be even more exacerbated if this news Star Wars Eclipse introduced a dark side faction that these new aliens were a part of, which started to seem like a very real possibility.


Yoda and Nihil should be players in Star Wars Eclipse


Star Wars Eclipse Art

The cinematic trailer also shows a brief glimpse of Yoda, who has been mentioned in the High Republic novels and comics but was not featured as the main character. While all of this is only a theory at the moment, Yoda’s appearance in the trailer could hint at a shift in power in the Jedi Order. In the comics, Jedi Marshal Avar Kriss has essentially been the leader of the Jedi, and maybe in a future comic or even the timeline of the Star Wars Eclipse game itself, something happens to Kriss, leading Yoda to claim the leadership role that fans see him in at that time. The phantom menace rolled.


Star Wars Eclipse should obviously borrow the Nihil menace from comics and books as well. Even though the new aliens seem to be the biggest antagonists of Star Wars Eclipse, at least with the information currently available to fans, the Nihils have made an appearance in almost every High Republic media so far. It seems impossible for Star Wars Eclipse to be a game set in the days of the High Republic without any mention of the Nihil, especially the major players that fans already know like Lourna Dee or Marchion Ro, the real leader of the criminal organization.

Related: Star Wars Eclipse: Everything We Know About High Republic Yoda


However, even with all of these theories, it’s possible that fans have no idea what to expect from the High Republic by the time Quantic Dream’s Star Wars Eclipse The release will officially hit shelves and online stores in three to four years. Lucasfilm has previously stated that the High Republic will unfold in three different phases called Light of the Jedi, Quest of the Jedi, and Trials of the Jedi. The first phase is expected to end soon in 2022, and given Star Wars Eclipse is still in the early stages of development, everything fans know about the High Republic may be completely different when the game launches.


With the development time of video games, Star Wars Eclipse might not happen until the High Republic is in its third phase, Trials of the Jedi. If so, that would explain what appears to be an imminent threat from the dark side of the alien species in the trailer. At this point, the Drengir and the Nihil might just be a distant memory as the Jedi Order finds itself in conflict with an even greater antagonist.

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Plan Ahead When Lending or Borrowing a Horse Trailer | Favor Swift Collins & Smith https://paydayadvanceusca.com/plan-ahead-when-lending-or-borrowing-a-horse-trailer-favor-swift-collins-smith/ Fri, 24 Dec 2021 21:40:36 +0000 https://paydayadvanceusca.com/plan-ahead-when-lending-or-borrowing-a-horse-trailer-favor-swift-collins-smith/ When Sam was about to leave for a weekend horse show, he discovered his horse trailer had a broken tail light. Realizing that the problem could not be fixed in time, he asked his neighbor, Jo, to borrow his trailer. She has accepted. Within minutes, Sam hitched his truck to Jo’s trailer, unaware that his […]]]>

When Sam was about to leave for a weekend horse show, he discovered his horse trailer had a broken tail light. Realizing that the problem could not be fixed in time, he asked his neighbor, Jo, to borrow his trailer. She has accepted. Within minutes, Sam hitched his truck to Jo’s trailer, unaware that his trailer tongue ball joint and his truck’s hitch ball were not compatible – Jo’s trailer required a ball hitch. wider. Later, while Bill was driving on the freeway, the trailer became detached from his truck, injuring his horses, smashing a fence, injuring motorists and destroying Ann’s trailer.

Lending your trailer may seem like a simple and user-friendly accommodation, but accidents can happen and the risk of civil liability is always present. Insurance issues add to the complexity. Never assume that everyone’s insurance policies protect them against the worst case scenario.

Insurance for towing

Insurance coverage for transport may include:

  • Liability coverage. This coverage is important because it protects the driver (subject to the terms of the policy) against claims from injured people who demand payment of medical bills, lost wages, pain and suffering and other losses.
  • Collision coverage. This coverage is intended to provide protection against damage that the truck or trailer may suffer as a result of a collision or other type of accident.
  • Full coverage. This covers damage to the vehicle, or possibly the trailer, due to anything other than a collision, such as fire, windstorm, hailstorm, vandalism, or theft.

Other auto-related coverages can include coverage for uninsured and underinsured motorists, coverage for medical payments, and even coverage for roadside assistance for damaged trailers and towing to a service center. Covers exist to protect owners from damage or loss of personal property, such as horse equipment, in the trailer. Please keep in mind that all policies have requirements, exclusions, conditions, and limitations, and coverage may differ from company to company. Professional carriers need additional coverage.

Damage or loss to the borrowed trailer

Jo and Sam are likely covered by personal auto insurance policies and home liability insurance policies. However, when lending or borrowing a horse trailer from someone else, these blankets may not be enough. Auto insurance policies often have exclusions that to prevent coverage for accidents involving someone else’s trailer. One of the exclusions of an automobile insurance policy states: “This coverage does not apply to: … or be transported by an insured. In the event of an accident, this exclusion could deny Sam coverage for damage to Jo’s trailer and its contents. Sam’s policy may also contain an exclusion for “property damage rented to, or at the expense of, an insured person. Policies may exclude loss or damage to a “trailer” that is not specifically listed as a planned property item on a policy.

Damage to a horse in the trailer

What if the planks on Jo’s trailer floor rotted and shattered as Sam pulled, injuring his horses? If Sam wants Jo to pay for her horse’s injuries and vet bills, will Jo’s insurance cover her claim? Maybe not. Policy exclusions similar to those discussed above could prevent Jo’s insurer from covering claims involving property damage resulting from a trailer that Jo loaned to someone else.

Damage caused by towing a borrowed trailer

If Jo’s trailer separated from Sam’s truck and hit cars on the road, Sam might expect his own auto insurance policy to protect him from the claims of other motorists. This may not be the case. Some policies exclude certain benefits for bodily injury or property damage “resulting from the ownership, maintenance, use, loading or unloading of motor vehicles or any other means of motorized land transport, including trailers, owned or operated by or leased or loaned to an insured. “

Conclusion

Whether you are lending or borrowing a horse trailer, don’t make any assumptions about your insurance, especially since towing can generate huge losses and liabilities. Plan ahead and stay safe.


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Government bank loans rise as NSC sales plunge https://paydayadvanceusca.com/government-bank-loans-rise-as-nsc-sales-plunge/ Wed, 22 Dec 2021 16:47:00 +0000 https://paydayadvanceusca.com/government-bank-loans-rise-as-nsc-sales-plunge/ A file photo shows a man counting wads of taka banknotes in Dhaka. The State’s net indebtedness increased during the current fiscal year 2021-2022 against a backdrop of a drastic drop in net sales of national savings certificates. – Photo New Age The State’s net indebtedness increased during the current fiscal year 2021-2022 against a […]]]>

A file photo shows a man counting wads of taka banknotes in Dhaka. The State’s net indebtedness increased during the current fiscal year 2021-2022 against a backdrop of a drastic drop in net sales of national savings certificates. – Photo New Age

The State’s net indebtedness increased during the current fiscal year 2021-2022 against a backdrop of a drastic drop in net sales of national savings certificates.

According to data from the Bangladesh Bank, government borrowing from the banking sector amounted to Tk 27,110.35 crore from July 1 to December 12 of the current fiscal year.

For deficit financing, the government aims to borrow Tk 76,452 crore from the banking system during the entire 2021-2022 fiscal year.

During the July-December period of fiscal year 2020-2021, government borrowing from the banking sector was only Tk 595.4 crore compared to Tk 44,946.8 crore in the same period of the 2019-2020 fiscal year.

The high sales of NSC were the source of the drastic decline in bank loans during FY21.

The government’s original target was to borrow Tk 20,000 crore, but sales were more than double the FY21 target.

In fiscal year 22, the government took a number of budgetary and fiscal measures to contain the high sales of NSC.

Due to policy measures, sales of NSC fell in fiscal year 22.

In July-October of FY22, NSC’s net sales were 40 percent lower than sales for the corresponding period of FY21.

As NSC sales have fallen sharply, the government must resort to higher bank loans to finance the deficit, BB officials said.

Borrowing from banking sources was cheaper for the government compared to the cost of funds compared to NSC sales, they said.

In addition, the increase in government borrowing from the banking sector also created investment opportunities for banks, which held excess liquidity, they said.

The scope of the investment came as a blessing for banks at a particular time when growth in credit to the private sector fell short of the government’s fiscal target, BB officials said.

Credit growth to the private sector stood at 9.42 percent in October against the budget target of reaching 14.8 percent growth in the current fiscal year.

Prior to the rebound in government bank lending in recent times, government borrowing was Tk 26,304 crore in full year 21 against the government budget target of Tk 84,980 crore.

Borrowing would increase in the coming days of the current fiscal year in line with the rebound in business and economic activity and borrowing could even exceed the annual target, officials said.

Government borrowing from the banking sector amounted to Tk 70,714.8 crore in fiscal year 2019-2020.


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Turkey’s borrowing costs skyrocket as crisis enters new phase https://paydayadvanceusca.com/turkeys-borrowing-costs-skyrocket-as-crisis-enters-new-phase/ Mon, 20 Dec 2021 19:59:00 +0000 https://paydayadvanceusca.com/turkeys-borrowing-costs-skyrocket-as-crisis-enters-new-phase/ ISTANBUL — Turkey’s financial strains have worsened and the country’s business community has revolted, a sign that the currency crisis weighing on the economy is heading into a dangerous new phase. The pound plunged nearly 9% percent on Monday to over 17.86 against the dollar, a record low, after President Recep Tayyip Erdogan pledged to […]]]>

ISTANBUL — Turkey’s financial strains have worsened and the country’s business community has revolted, a sign that the currency crisis weighing on the economy is heading into a dangerous new phase.

The pound plunged nearly 9% percent on Monday to over 17.86 against the dollar, a record low, after President Recep Tayyip Erdogan pledged to cut interest rates further in defiance of the chiefs. company who have spoken out against the government’s monetary policy in recent days.

The lira’s dizzying drop amplifies concerns among investors and economists that Turkey’s heavily dollarized financial system could be heading for a banking crisis. The pound has lost more than half of its value this year, wiping out much of Turks’ economies and sparking sporadic protests.

“A huge crisis, a financial crisis and so on, it’s all possible, but we don’t know what the timeline is.” said Mustafa Sönmez, a Turkish economist.

After the Turkish markets closed, Erdogan said the government would introduce a new program to protect lira deposits against currency fluctuations. It was not clear how this program would work or how it would be paid.

The Turkish lira appreciated against the dollar, offsetting earlier losses.

Of particular concern earlier on Monday was Turkey’s rising costs of borrowing in US dollars.

Yields on Turkish bonds denominated in US dollars rose on Monday as investors sold their holdings.

The yield on a billion Turkish dollar bond maturing in March 2022 rose to 7.3% on Monday, from 5.4% on Friday and from 3.1% at the start of the year, according to Tradeweb..

The yield on a $ 2.25 billion Turkish dollar bond maturing in January 2031 climbed to 8.26% on Monday from 7.8% on Friday.

While Turkey is a modest issuer of US dollar bonds, much of the issuance is held by Turkish banks, and rising borrowing costs may reflect the financial system’s difficulty in securing the dollars demanded by depositors or to repay debts.

As the Federal Reserve and other central banks around the world face rising inflation amid the economic recovery from the pandemic, Turkey – where the rate is currently above 20% – is warning . Soaring inflation has caused economic turmoil after years of strong growth. Photo: Sedat Suna / Shutterstock

More than half of Turkey’s bank deposits are in foreign currency, according to central bank data. Turkish banks have in the past loaned foreign currency to the central bank, which it sold to stabilize the lira. A sudden rush by Turkish savers and businesses to redeem foreign currency deposits or move them out of the country could cause the financial system to slip.

The central bank intervened five times this month to stem the pound’s rate of decline, burning off already low currency reserves. Economists believe Turkey’s central bank has more foreign currency liabilities than assets.

The drastic drop in the pound, low foreign exchange reserves and concerns about financial stability could also prompt some holders of foreign bonds to sell.

“They are burning what they have left in the reserves. It’s money you can’t use to pay off debt, ”said Daniel Wood, portfolio manager at William Blair Investment Management.

Demonstrators gathered in Istanbul on Sunday to protest economic policies.


Photo:

UMIT BEKTAS / REUTERS

The Turkish stock market was twice forced to stop trading on Monday to avoid further losses. Investors and ordinary Turks alike rushed to swap the lira for other currencies and gold during the crisis.

The collapse of the pound is the result of four interest rate cuts in the past four months, all demanded by Erdogan, according to economists. After sacking a slew of central bank governors and senior finance officials, Erdogan pressured the bank to cut rates despite rising inflation.

“They keep saying we’re cutting prices. Don’t expect anything else from me. As a Muslim, I will continue to do whatever God’s words require, ”Erdogan said on Sunday.

Mr Erdogan has repeatedly cited his religious objections to high interest rates as well as an economic view that calls for a depreciated pound to encourage exports and productive industry.

Mr Erdogan’s comments were aimed at bolstering support for his conservative religious base in Turkey after months in which his ratings fell in opinion polls due to the economic crisis, analysts said.

“His aim is to consolidate his supporters by saying that he is a leader, very determined and very religious,” Sönmez said.

Tensions are mounting between the government and Turkey’s normally politically calm business community.

The country’s largest trade association, TUSIAD, said over the weekend that Erdogan’s agenda was putting the economy as a whole at risk. The group’s chairman also blamed the government for rapid inflation and the implosion of purchasing power.

“An environment of mistrust and instability has been created,” the organization said. “Even exports, which are expected to benefit the most, have been affected in this environment,” he said.

Mr Erdogan hit back at the industry group in his speech on Sunday.

“I’m speaking to you. You only have one job and that is investment, jobs and growth. Don’t try to look for different ways and versions to attack the government,” a- he said, addressing the group directly.

Another measure of concern about Turkey’s economic policy is the skyrocketing costs of insurance against possible default.

The cost of default insurance on $ 10,000 of five-year Turkish dollar-denominated bonds using derivative contracts called credit default swaps climbed to about $ 584 per year on Monday, from about $ 380 per year late June, according to FactSet.

Write to Jared Malsin at jared.malsin@wsj.com and Caitlin Ostroff at caitlin.ostroff@wsj.com

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


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